Dashboard Buys$ 243 Million More Cryptocurrency

On January 13, the largest corporate Bitcoin ( BTC ) holder MicroStrategy made an additional$ 243 million worth of Bitcoin.

MicroStrategy’s filings with the U. S. Securities and Exchange Commission ( SEC ) show that the company paid an average price of approximately$ 95, 972 for the latest addition to its Bitcoin reserves.

At the time of writing, Bitcoin is has climbed back up above$ 91, 000 after having dipped below$ 90, 000 earlier this morning. According to CoinGecko data, it has fallen 3.4 % since this time yesterday and is trading 10 % less than it did last week.

The filing also reveals that MicroStrategy currently holds approximately 450, 000 BTC, acquired at an average price of$ 62, 691 per Bitcoin, including fees and expenses. The aggregate purchase price is about$ 28.2 billion, over 45.5 % lower than the current value of Bitcoin, which is$ 41.04 billion.

Shares of MicroStrategy were trading at$ 328 as of press time. This is 30.65 % lower than the price of nearly$ 474 reported on Nov. 20 when the shares were trading at their highest.

Just about a week ago, MicroStrategy acquired another$ 101 million worth of Bitcoin, equivalent to 1, 070 BTC at an average price of$ 94, 004. Despite Bitcoin’s gathering and its growing Bitcoin reserves, new analysis suggests that the company’s shares have fallen sharply.

A 1989-founded publicly traded company intelligence firm called MicroStrategy. In 2020, it pivoted to start acquiring as many Cryptocurrency as possible. The business is currently on the verge of achieving 2 % of all Cryptocurrency that will ever be created, and it is already working toward that goal.

Years after MicroStrategy pioneered large-scale business Bitcoin, the plan started picking up gas among different companies.

Tesla, a conglomerate of financial services, Block, Rumble, a streaming video system, LEEF Brands, a company focused on health technology, Semler Scientific, and Banzai, a company focused on marketing technology solutions.